The Sierra Company produces its product at a total cost of $1,000 per unit. Of this amount, $680 is product cost and $320 is selling and administrative expenses. In addition, the total cost of $1,000 is made up of $850 variable cost and $150 fixed cost. The desired profit is $130 per unit. Determine the mark up percentage under the product cost-plus method.
Mark-up percentage = (Desired profit+Selling and administrative expenses)/Product cost | |||||||
=(130+320)/680= | 66.18% | (rounded off) | |||||
The Sierra Company produces its product at a total cost of $1,000 per unit. Of this...
Jamison Company produces and sells Product X at a total cost of $1,000 per unit, of which $680 is product cost and $320 is selling and administrative expenses. In addition, the total cost of $1,000 is made up of $570 variable cost and $430 fixed cost. The desired profit is $200 per unit. Determine the mark up percentage on total cost: ____%
Sierra Company produces its product at a total cost of $150 per unit. Of this amount, $40 per unit is selling and administrative costs. The total variable cost is $120 per unit, and the desired profit is $25.50 per unit. Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place. a. Total cost b. Product cost c. Variable cost
Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit, and the desired profit is $28 per unit.Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place.a. Total cost %b. Product cost %c. Variable cost %
21. The Swan Company produces its product at a total cost of $43 per unit. Of this amount, $8 per unit is selling and administrative costs. The total variable cost is $30 per unit and the desired profit is $20 per unit. Determine the markup percentage on TOTAL COST. a.100% b.80% c.46.5% d.110%
Ch 25 HW Hide or show questions eBook Show Me How Calculator Product Cost Markup Percentage Light Force Inc. produces and sells lighting fixtures. An entry light has a total cost of $180 per unit, of which $100 is product cost and $80 is selling and administrative expenses. In addition, the total cost of $180 is made up of $110 variable cost and $70 fixed cost. The desired profit is $45 per unit. Determine the markup percentage on product cost....
Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $14,000 Direct labor 8,200 Factory overhead 6,500 Total manufacturing cost $28,700 The selling and administrative expenses are $26,300. The management desires a profit equal to 15% of invested assets of $503,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,180 handbags. $ b. Determine...
Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: Direct materials $18,000 Direct labor 8,500 Factory overhead 5,500 Total manufacturing cost $32,000 The selling and administrative expenses are $17,000. The management desires a profit equal to 22% of invested assets of $250,000. a. Determine the amount of desired profit from the production and sale of 800 handbags. $ 55,000 b. Determine the product cost per unit for...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,110 handbags is as follows: Direct materials Direct labor $15,700 7,000 5,800 Factory overhead Total manufacturing cost $28,500 The selling and administrative expenses are $27.500. The management desires a profit equal to 15% of invested assets of $501.000. Frequired, round your answers to nearest whole number a. Determine the amount of desired profit from the production and sale of 1.110 handbags b. Determine...
1. Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing. The cost and expenses of producing and selling 50,000 units of Product K are as follows: Variable costs: Direct materials $5.00 Direct labor 8.50 Factory overhead 2.50 Selling and administrative expenses 1.00 Total $17.00 Fixed costs: Factory overhead $50,000 Selling and administrative expenses 34,000 2. Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000. a. Determine the...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $14,400 Direct labor 8,300 Factory overhead 6,000 Total manufacturing cost $28,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $500,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,180 handbags b....